Follow-The-Filings

Featured 13F manager

Horizon Kinetics Asset Management LLC Murray Stahl

New York, NY 21 processed 13Fs on this site · 2021 Q3–2026 Q2

  • $8.8B
  • 348 Positions
  • 2026 Q2
  • −4.5% QoQ
  • Top 5 66.8%

Portfolio

2026 Q2 · filed 8/11/2026 · 348 long · top 12 shown

top 5 66.8% · top 10 77.5%

AUM over time

2026 Q2 $8.8B −4.5% QoQ
2021 Q3 · $4.3B 2021 Q3 · $4.3B
Q3 2021
2021 Q4 · $4.5B · +6.1% QoQ 2021 Q4 · $4.5B · +6.1% QoQ
Q4
2022 Q1 · $5B · +9.3% QoQ 2022 Q1 · $5B · +9.3% QoQ
Q1 2022
2022 Q2 · $4.8B · −3.8% QoQ 2022 Q2 · $4.8B · −3.8% QoQ
Q2
2022 Q3 · $5B · +4.0% QoQ 2022 Q3 · $5B · +4.0% QoQ
Q3
2022 Q4 · $5.9B · +19.0% QoQ 2022 Q4 · $5.9B · +19.0% QoQ
Q4
2023 Q1 · $5.2B · −11.9% QoQ 2023 Q1 · $5.2B · −11.9% QoQ
Q1 2023
2023 Q2 · $4.6B · −10.8% QoQ 2023 Q2 · $4.6B · −10.8% QoQ
Q2
2023 Q3 · $5B · +8.7% QoQ 2023 Q3 · $5B · +8.7% QoQ
Q3
2023 Q4 · $4.8B · −5.4% QoQ 2023 Q4 · $4.8B · −5.4% QoQ
Q4
2024 Q1 · $5.3B · +10.7% QoQ 2024 Q1 · $5.3B · +10.7% QoQ
Q1 2024
2024 Q2 · $5.7B · +8.2% QoQ 2024 Q2 · $5.7B · +8.2% QoQ
Q2
2024 Q3 · $6.7B · +16.8% QoQ 2024 Q3 · $6.7B · +16.8% QoQ
Q3
2024 Q4 · $8B · +20.2% QoQ 2024 Q4 · $8B · +20.2% QoQ
Q4
2025 Q1 · $8.8B · +9.7% QoQ 2025 Q1 · $8.8B · +9.7% QoQ
Q1 2025
2025 Q2 · $8.4B · −4.3% QoQ 2025 Q2 · $8.4B · −4.3% QoQ
Q2
2025 Q3 · $8.2B · −2.7% QoQ 2025 Q3 · $8.2B · −2.7% QoQ
Q3
2025 Q4 · $7.4B · −9.9% QoQ 2025 Q4 · $7.4B · −9.9% QoQ
Q4
2026 Q1 · $9.2B · +24.9% QoQ 2026 Q1 · $9.2B · +24.9% QoQ
Q1 2026
2026 Q2 · $8.8B · −4.5% QoQ 2026 Q2 · $8.8B · −4.5% QoQ
Q2

Book

2024 Q3 2024 Q2 · filed 13 Nov · long equity

TPL - Texas Pacific Land 48.92% Reduce 0.0% 3,694,365 $884.74 $3.3B −62 +$556M
GBTC - Grayscale Bitcoin 11.49% Add +1.9% 15,208,060 $50.50 $768M +290,612 −$26M
LB - Landbridge · CL A 3.04% Add +10.3% 5,190,867 $39.12 $203M +484,968 +$94M
CACI - Caci Intl · CL A 2.78% Reduce −0.7% 368,068 $504.56 $186M −2,509 +$26M
WPM - Wheaton Precious Metals 2.52% Reduce −0.3% 2,754,175 $61.08 $168M −7,333 +$23M
ICE - Intercontinental Exchange 1.79% Add +0.2% 745,526 $160.64 $120M +1,738 +$18M
FNV - Franco Nevada 1.74% Add +1.9% 935,834 $124.25 $116M +17,232 +$7M
CVEO - Civeo 1.33% Reduce −1.0% 3,251,609 $27.40 $89M −34,337 +$7M
BTC - Grayscale Bitcoin Mini Tr 1.29% New 15,282,793 $5.63 $86M +15,282,793 +$86M
CBOE - Cboe Global Markets 1.28% Add +3.3% 417,664 $204.87 $86M +13,425 +$17M
MSB - Mesabi Tr 0.90% Add +1.4% 2,659,623 $22.65 $60M +37,417 +$15M
Viper Energy · CL A 0.89% Add 0.0% 1,320,445 $45.11 $60M +60 +$10M
BN - Brookfield · CL A 0.84% Reduce −8.2% 1,056,706 $53.15 $56M −94,159 +$8M
SAIC - Science Applicatns Intl 0.84% Reduce −1.3% 402,965 $139.27 $56M −5,241 +$8M
AN - Autonation 0.77% Reduce −1.7% 286,763 $178.92 $51M −4,946 +$5M
PBT - Permian Basin Rty Tr 0.66% Add 0.0% 3,684,264 $11.89 $44M +1,061 +$2M
ADM - Archer Daniels Midland 0.58% Reduce −3.1% 653,811 $59.74 $39M −20,599 −$2M
LYV - Live Nation Entertainment 0.58% Reduce −2.7% 356,309 $109.49 $39M −9,950 +$5M
HHH - Howard Hughes 0.57% Reduce −1.6% 495,811 $77.43 $38M −7,986 +$6M
Associated Cap Group · CL A 0.52% Reduce −3.6% 975,128 $35.42 $35M −36,428 +$126K
MSTR - Microstrategy · CL A 0.49% Add +924.1% 192,905 $168.60 $33M +174,069 +$7M
JOE - The Saint Joe 0.46% Reduce −1.4% 523,848 $58.31 $31M −7,457 +$1M
PAG - Penske Automotive Grp 0.44% Reduce −1.4% 181,480 $162.42 $29M −2,501 +$2M
GBTC - Ishares Bitcoin Trust 0.44% Add +11.9% 805,803 $36.13 $29M +85,763 +$5M
CME - CME Group 0.43% Reduce −8.5% 128,713 $220.65 $28M −11,899 +$756K
DMLP - Dorchester Minerals 0.40% Add +0.6% 896,893 $30.15 $27M +5,210 −$467K
MMC - Marsh & Mclennan Cos 0.40% Reduce −0.5% 119,074 $223.09 $27M −640 +$1M
BG - Bunge Global SA 0.39% Reduce −6.2% 270,075 $96.64 $26M −17,763 −$5M
Osisko Gold Royalties 0.39% Reduce −0.2% 1,392,145 $18.51 $26M −2,334 +$4M
CCJ - Cameco 0.37% Reduce −0.3% 517,828 $47.76 $25M −1,400 −$815K
Sandstorm Gold 0.35% Reduce −2.1% 3,901,719 $6.00 $23M −83,975 +$2M
WST - West Fraser Timber 0.35% Reduce −0.1% 236,943 $97.36 $23M −233 +$5M
CRL - Charles Riv Labs Intl 0.34% Reduce −28.4% 114,762 $196.97 $23M −45,619 −$11M
BRK.B - Berkshire Hathaway · CL B 0.31% Reduce −0.3% 44,978 $460.25 $21M −143 +$2M
CCL1EUR — 0.30% Reduce −0.8% 1,082,949 $18.48 $20M −8,800 −$425K
IPAR - Inter Parfums 0.29% Reduce −2.6% 151,815 $129.48 $20M −3,999 +$2M
Sitio Royalties · CLASS A 0.24% Reduce −0.5% 770,741 $20.84 $16M −4,209 −$2M
TRC - Tejon Ranch 0.24% Reduce −1.1% 899,106 $17.55 $16M −9,838 +$273K
NTR - Nutrien 0.23% Add +2.8% 317,633 $48.06 $15M +8,531 −$471K
WEN - Wendys 0.22% Reduce −15.4% 847,516 $17.52 $15M −154,316 −$2M
OSK - Oshkosh 0.21% Add +3.4% 141,140 $100.21 $14M +4,680 −$621K
VGSH - Vanguard Scottsdale Fds 0.20% Reduce −0.9% 223,499 $59.02 $13M −1,917 +$119K
SPAQ - Listed Fd Tr 0.19% Add +4.9% 128,691 $99.18 $13M +5,992 +$701K
WTM - White Mtns Ins Group 0.18% Add +422.9% 7,138 $1,696 $12M +5,773 +$10M
BAM — · CL A 0.17% Reduce −11.0% 240,580 $47.29 $11M −29,712 +$1M
RGLD - Royal Gold 0.16% Reduce −14.2% 76,367 $140.30 $11M −12,621 −$423K
RCL - Royal Caribbean Group 0.15% Add +3.0% 57,881 $177.36 $10M +1,709 +$1M
MA - Mastercard · CL A 0.15% Reduce −7.1% 19,638 $493.79 $10M −1,490 +$376K
SPGI - S&P Global 0.14% Reduce −0.9% 18,465 $516.62 $10M −171 +$1M
RBA - Rb Global 0.14% Add +0.5% 118,009 $80.49 $9M +535 +$528K

Showing top 50 of 324 by value

Exits / last held

not current holdings · last reported size, unchanged · gone vs 2024 Q2

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
Liberty Media Del 0.04% Exit 0 $22.16 $2M −98,358 −$2M
EXE - Chesapeake Energy 0.02% Exit 0 $82.21 $1M −14,853 −$1M
INTC - Intel 0.02% Exit 0 $30.97 $957K −30,899 −$957K
BN - Brookfield · CL A 0.01% Exit 0 $41.81 $802K −19,181 −$802K
SEB - Seaboard 0.01% Exit 0 $3,160 $455K −144 −$455K
Liberty Media Del 0.01% Exit 0 $22.16 $432K −19,493 −$432K
JPM - Jp Morgan Exchange Traded F Exit 0 $50.58 $211K −4,172 −$211K
SLB - Schlumberger Exit 0 $47.07 $208K −4,419 −$208K
COP - Conocophillips Exit 0 $114.65 $205K −1,788 −$205K

* Reported price is value ÷ shares from the 13F as of period end — not a live market quote. Weight % is each long-equity position ÷ full 13F AUM, so rows may not sum to 100% when the filing includes options or other non-equity (excluded from this table). Share change and $ change are vs 2024 Q2. Click column headers to sort · click New / Hold / Add / Reduce to promote that move type to the top. Exit opens the last-held block below.

Filings history

20 periods · normalized AUM · open a period for holdings

Period Holdings AUM QoQ Form Filed Filing ID
2026 Q2 351 $8.8B −4.5% 13F-HR 8/11/2026 000139834426014047
2026 Q1 353 $9.2B +24.9% 13F-HR 5/15/2026 000139834426009239
2025 Q4 324 $7.4B −9.9% 13F-HR 2/11/2026 000105682326000007
2025 Q3 336 $8.2B −2.7% 13F-HR 11/14/2025 000105682325000029
2025 Q2 352 $8.4B −4.3% 13F-HR 8/12/2025 000105682325000019
2025 Q1 347 $8.8B +9.7% 13F-HR 5/15/2025 000105682325000010
2024 Q4 349 $8B +20.2% 13F-HR 2/10/2025 000105682325000001
2024 Q3 346 $6.7B +16.8% 13F-HR 11/13/2024 000105682324000019
2024 Q2 324 $5.7B +8.2% 13F-HR 8/14/2024 000105682324000016
2024 Q1 323 $5.3B +10.7% 13F-HR 5/14/2024 000105682324000013
2023 Q4 325 $4.8B −5.4% 13F-HR 2/15/2024 000105682324000011
2023 Q3 331 $5B +8.7% 13F-HR 11/14/2023 000105682323000057
2023 Q2 334 $4.6B −10.8% 13F-HR 8/14/2023 000105682323000044
2023 Q1 334 $5.2B −11.9% 13F-HR 5/12/2023 000105682323000019
2022 Q4 324 $6.1B RESTATEMENT 2/9/2023 000105682323000011
2022 Q4 324 $5.9B +19.0% 13F-HR 2/7/2023 000105682323000010
2022 Q3 329 $5B +4.0% 13F-HR 11/15/2022 000105682322000018
2022 Q2 336 $4.8B −3.8% 13F-HR 8/5/2022 000105682322000017
2022 Q1 345 $5B +9.3% 13F-HR 5/13/2022 000105682322000016
2021 Q4 349 $4.5B +6.1% 13F-HR 2/15/2022 000105682322000015
2021 Q3 338 $4.3B 13F-HR 11/15/2021 000105682321000020

About

HORIZON KINETICS ASSET MANAGEMENT LLC

21 processed 13Fs on this site · 2021 Q3–2026 Q2

Notable person
Murray Stahl
SEC filing name
HORIZON KINETICS ASSET MANAGEMENT LLC
Location
New York, NY
All SEC filings
View on sec.gov